Bitcoin (BTC) Predicted to Experience Another Dip Prior to Next Bull Run, Benjamin Cowen Cautions – Find Out His Projected Schedule

Bitcoin (BTC) Predicted to Experience Another Dip Prior to Next Bull Run, Benjamin Cowen Cautions – Find Out His Projected Schedule


Bitcoin Analyst Predicts One More Dip Before Next Bull Market

A prominent crypto analyst, Benjamin Cowen, believes that Bitcoin (BTC) will experience one more significant decline before entering a new bull market. Cowen, who has a large following on YouTube, explains that the timing of the dip will determine whether it forms a double bottom pattern, a lower low, or a higher low.

Cowen utilizes logarithmic progressions to forecast the price of BTC over time. He notes that during each bear market, the price tends to bottom out one band lower than the previous cycle. This pattern emerges due to the assumption that exponential gains are more likely to occur in the early stages of an asset’s history.

As of now, Bitcoin is trading at $25,868, showing a slight increase in the past 24 hours.

Hot Take

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

According to analyst Benjamin Cowen, Bitcoin is likely to experience one more significant dip before entering a new bull market. This prediction is based on logarithmic progressions and historical patterns observed during previous bear markets. Cowen suggests that the timing of the dip will determine its form, whether it be a double bottom pattern, a lower low, or a higher low. Despite the potential dip, Bitcoin is currently trading at $25,868, indicating a small increase in value. Investors should keep a close eye on the market to see if Cowen’s prediction holds true.

Bitcoin (BTC) Predicted to Experience Another Dip Prior to Next Bull Run, Benjamin Cowen Cautions – Find Out His Projected Schedule
Author – Contributor at Lolacoin.org | Website

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding. A guiding star for both intrepid explorers and curious novices venturing into the crypto realm, Daisy’s insights form a compass for discerning decision-making amidst the ever-shifting currents of cryptocurrencies. With the touch of a literary artist, they craft a narrative that enriches the evolving mosaic of the crypto landscape.